Latest news with #financialSystem
Reuters
22-05-2025
- Business
- Reuters
Inflation data supports view of easing pressure this year, Riksbank chief says
STOCKHOLM, May 22 (Reuters) - Information since the latest monetary policy decision does not deviate substantially from the view the Riksbank had earlier this month, Swedish Central Bank Governor Erik Thedeen said on Thursday. "We have somewhat elevated inflation but we expect it to come down during the course of the year," Thedeen told Reuters on the sideline of a conference. "The April inflation figures confirmed that view," he said. Consumer prices in Sweden, measured with a fixed interest rate, were up 2.3 percent in April from the same month last year, data showed last week. The Riksbank targets 2% inflation. The Riksbank held its policy rate at 2.25% this month but said a combination of lower growth and easing inflationary pressure might lead them to cut rates later this year. Thedeen also said that the financial systems have handled turbulence related to trade tariffs well.
Bloomberg
20-05-2025
- Business
- Bloomberg
‘Fumbles' Happen Across Financial System, Not Just Crypto: BitGo CEO
BitGo CEO Mike Belshe discusses the Coinbase hack, says it's unfortunate, but these 'fumbles' happen across the financial system, not just crypto. He speaks with Sonali Basak and Tim Stenovec on 'Bloomberg Crypto.' (Source: Bloomberg)
Bloomberg
19-05-2025
- Business
- Bloomberg
Here's Proof That the Fed Needn't Fear a Tokenized World
A new report demonstrating that central banks can port their monetary policy tools into a tokenized financial system is an important step in transforming how we trade securities including stocks and bonds. There's never been a shortage of cryptophiles saying, 'Of course central banks can run monetary policy with tokens,' nor of conservative bankers saying, 'I'll believe it when I see it.' The report from the Bank for International Settlements and the Federal Reserve Bank of New York is not just one more opinion added to the mix, the authors actually built the necessary tools and tested them in 10 financial stress environments.
Zawya
12-05-2025
- Business
- Zawya
CBUAE imposes administrative and financial sanctions on five insurance brokers operating in the UAE
Abu Dhabi: The Central Bank of the UAE (CBUAE) has imposed administrative and financial sanctions on five insurance brokers operating in the UAE, pursuant to Article (14) of the Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. The imposition of the sanctions results from the companies' failure to comply in its Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework and related sanctions. The sanctions included financial penalty on two insurance brokers while the remaining three received an official warning. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance brokers and insurance-related professions, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the insurance industry and the UAE financial system.
Zawya
12-05-2025
- Business
- Zawya
CBUAE imposes administrative, financial sanctions on five insurance brokers
The Central Bank of the UAE (CBUAE) has imposed administrative and financial sanctions on five insurance brokers operating in the UAE, pursuant to Article (14) of the Decree Federal Law No. (20) of 2018 on Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations. The imposition of the sanctions results from the companies' failure to comply in its Anti-money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework and related sanctions. The sanctions included financial penalty on two insurance brokers while the remaining three received an official warning. The CBUAE, through its supervisory and regulatory mandates, works to ensure that all insurance brokers and insurance-related professions, abide by the UAE laws, regulations and standards adopted by the CBUAE to safeguard the transparency and integrity of the insurance industry and the UAE financial system.
